Business Entities, Laws, And Regulations
This paper will focus on the challenges faced by one start-up businesses and an established company with labor issues. For the start-up, a birth clinic, a case needs to be made for the type of business entity they should each use. The established company is a construction company whose business entity must be identified and employment law pertaining to the scenario will be discussed. For each business, identification of the best business entity for the given situation needs to be accomplished first. The decision of the type of business entity will take into consideration control, taxation, and liability issues. Review of the laws and regulations that each ownership group must consider and identification of risks that the businesses should protect against will be discussed. Review of the construction company's business structure and how it affects control, taxation, and liability issues along with how employment law impacts the current scenario is focused on.
In examining the birth clinic identifying the ownership structure and control issues will determine of the proper business entity be used. Below is the information provided:
"Akiva and Tara have just completed all educational and experiential requirements to be licensed as obstetricians. They want to open a birth clinic together. They will take out a large loan to finance start-up costs"
The proper business entity for Akiva and Tara is a limited liability partnership (LLP). The reason for this is that it provides limited liability to the extent of their capital contribution to each of the partners for negligence performed by the other partner. However, the partner that causes the negligence can be held personally liable...
S corporations must be domestic in nature, issue only one kind of stock, and have less than a hundred shareholders: given that Frank only has aspirations to have a U.S.-based business, this entity type would seem ideal, although he might need some legal help to file as an S Corporation. Professional practice: An LLC, or limited liability corporation, is the most popular type of entity structure for professional groups such
Felipe's inability to speak English would be a liability to the company and a possible safety threat, so he should not be hired as well. That leaves Eric and Michelle, who are both qualified candidates and could therefore both be hired. Even though Eric does not have a high school diploma, his life experience should make up for the lack of education, and he knows how to work a
Business Construction Scenario Business entities vary from countries to countries since the formation of a business is controlled by the various legal systems instituted in those countries. There are many types of business entities, and this is where we find the likes of sole-proprietorship, partnership, cooperatives, corporations and limited liability Company among others (Waddell, 2008). A business may be categorized in any of these entities just by the composition of its
S. small business administration can help with (SBA, 2005). While this is not necessary it can prove useful for legitimizing or legalizing certain aspects of business operations and help businesses with financing and support from investors. An organization will next have to decide a location for their business and select a business structure, which is not limited to a corporation but may also include a sole proprietorship, limited liability company or
However, as Nick is unqualified for the position, the medical question is moot -- Nick would not be hired because he has no experience. Michelle has some past experience and would be under consideration. Under the terms of the Pregnancy Discrimination Act prohibits discrimination on the basis of pregnancy in employment. The Act does not explicitly prohibit Mei-Lin from inquiring about the pregnancy, but it is recommended that she refrain
Transaction Under Each of the Five Ethical Theories Ethical fundamentalism: Juanita's behavior is clearly in contravention of a normative code of ethics since each of the world's religions proscribe bribery. The Bible, for instance, as does the Koran goes on in depth about the severity of perverting justice and bring officials or any one involved in the jurisprudence sector. Utilitarianism Utilitarianism is somewhat stickier in application. If Juanita's behavior provides the greatest amount
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